Did’ja Know…? If you want to buy a home in China you’ll need to put 40% down! Here in the good ol’ US of A the magic number in most cases for a a down payment is 5%.

Wuss’up This Week: Auctions today (5-year Treasury Notes) and tomorrow(7-year Treasury Notes) might sway rates in either direction. The biggest report of the week will be tomorrow’s Durable Goods Orders (expected up 0.8%), which can push rates higher or lower as well. Durable Goods is the report on sales of items that last more than three years, like cars, planes, refrigerators, and the smelly guinea pig my daughter begged me to buy her but that she doesn’t play with.

Interest Rates continue to do…nothing. They seem content in the low-to-mid 4s for a 30-year fixed with ARM rates about a point lower. Rates can vary based on credit score, type of home, equity in the home, and if the home has one of the coolest backyards ever.

Don’t forget to remember that for any purchase or refinance loan over $240k I will waive all lender fees – a $995 savings. Be a hero and pass this blog onto any family, friends, coworkers or co-slackers that you think can use this gift.

Discovery Quote of the Day 2: “Scientists are now saying they may never discover what LinkedIn is for.” – Joshua Malina (@JoshMalina)

Timeout for Trivia: Congrats to those who guessed Jon Cryer last week. Want to be entered into a drawing to win a remote-controlled flying shark? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Dear Diary – can I still get good roles in Hollywood even though I turn 45 on Friday? I remember in the early 1990s I had bit roles in Dazed and Confused,8 Seconds, and Reality Bites before hitting it big in my 1996 movie about a single mom who falls for a guy that just got fired from his job. And my love life, you ask? I’ve earned my stripes dating a singer named Jack, was engaged once to a guy named Jim, and married a country singer in St. Johns, only to have the marriage annulled four months later.”

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